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BUSINESS
November 11, 2008 | Madlen Read, Read writes for the Associated Press
Stocks closed lower Monday after initial enthusiasm about a $586-billion Chinese stimulus package fizzled and investors succumbed to anxieties about how U.S. companies would survive a severe pullback in spending. There was little news Monday to placate investors concerned about U.S. corporate health. American International Group got more money from the federal government, but Detroit's struggling automakers have yet to hear whether they, too, will get aid.
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BUSINESS
June 30, 2009 | Times Wire Reports
Stocks rose sharply Monday as a jump in oil prices lifted shares of energy companies and fund managers snapped up recent winners to burnish their end-of-the-quarter portfolios. Financial stocks, which have led the way up for much of the second quarter, rose again Monday, followed by the tech sector. Fund managers appeared to be enhancing their portfolios before the quarter ends today in a ritual known as "window dressing": scooping up stocks that have done well in the last three months.
BUSINESS
December 21, 1990 | TOM PETRUNO
If you own stocks, you're probably glad 1990 is almost over. It was a tough year to make money, even before Saddam Hussein helped bring on a full-fledged bear market. But people did score some big hits in the market this year--perhaps even a surprising number, given that broad market indexes will finish 1990 with losses ranging from 5% to 15%. Despite the year's roller coaster, good companies that managed solid earnings growth generally saw their stocks advance.
BUSINESS
December 28, 2002 | Josh Friedman, Times Staff Writer
Geopolitical jitters sent stocks reeling Friday as the market closed out another losing week en route to its third straight down year. Investors shifted money into Treasury securities and gold as a rebel bombing in Chechnya left more than 40 people dead, adding to growing nervousness over the U.S. standoffs with both Iraq and North Korea. At the same time, the dollar continued its recent swoon as war worries soured investors on the greenback.
BUSINESS
June 6, 1995 | From Times Wire Services
Stocks surged to record highs Monday on the back of IBM's surprise $3.3-billion takeover bid for software firm Lotus Development Corp. Analysts said Wall Street was also hoping that the Federal Reserve Board will cut interest rates to keep the economy from slipping into recession. At the close, the Dow Jones industrial average was up 32.16 points at 4,476.55, beating the old record of 4,472.75 reached last Thursday. Several broader market indicators closed at new highs Monday.
BUSINESS
December 7, 1995 | From Bloomberg Business News
U.S. stocks rose to records for a third day Wednesday as investors grew more confident that corporate profits will expand next year as interest rates fall. Shares of banks and other financial companies led the advance. Expectations that the Federal Reserve Board will trim interest rates this month fueled optimism that the year-old rally in stocks still has room to grow.
BUSINESS
November 6, 1993 | From Times Staff and Wire Reports
Market Overview * Fresh signs of economic growth in the October employment report pushed long-term bond yields up for the sixth consecutive trading day Friday, extending a three-week selloff. * U.S. stocks, battered by two days of heavy selling, closed mixed as bargain hunters entered the market. Overseas, most foreign markets suffered deep declines. * Gold soared to a three-month high, gaining from the turmoil in stocks and bonds.
BUSINESS
March 13, 2008 | From Times Wire Services
Wall Street's euphoria over the Federal Reserve's latest move to cure the credit crunch turned to caution Wednesday, leading stocks to retreat a day after their biggest rally in more than five years. The Fed's plan announced Tuesday to lend $200 billion in Treasury securities -- and accept mortgage-backed securities as collateral -- was greeted by the stock market as an innovative way to bring relief to the tight credit markets. But investors were hesitant Wednesday to pour more money into stocks without signs that the central bank's move would help turn around the economy.
BUSINESS
August 13, 2011 | By Nathaniel Popper and Kim Willsher, Los Angeles Times
One of the wildest streaks in Wall Street history came to a tame close with blue-chip stocks not far from where they were when the week began. After four consecutive days of 400-point swings, the Dow Jones industrial average rose a relatively modest 125 points Friday to bring the blue-chip average only 1.5% lower for the week. At one point this week, the Dow was down a dizzying 7.3%. The subdued trading was a relief for investors who have been buffeted by a stream of bad news in recent weeks.
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